ONDO’s triangle breakout – How high can its price really go?
2025-07-17 07:46:20
Main Idea
ONDO's price broke out above $0.87, signaling potential further gains towards $1.116 and $1.40, supported by whale activity, positive sentiment, and strong network fundamentals.
Key Points
1. ONDO broke out above $0.87, confirming a multi-month descending triangle breakout and flipping previous resistance into support.
2. The token's weighted sentiment surged to 2.24, reflecting strong bullish momentum and market confidence.
3. Whale activity increased during the breakout, indicating large buyers and potential stabilization of the price rally.
4. ONDO's Price-DAA divergence was positive (+152%), suggesting sustainable growth due to rising daily active addresses.
5. The long/short ratio on Binance was 3.23, with over 76% of traders positioned for upside, though extreme leverage could pose risks if the price drops.
Description
ONDO’s breakout above $0.87 may be good news as there might be more upside to come.
Latest News
- ‘Crypto Week’ saved? House passes key bills after CBDC deal with Trump2025-07-17 19:11:31
- The GENIUS Act could be Ethereum’s next catalyst – Here’s how2025-07-17 18:09:23
- Korean whales load up, But PENGU’s rally may stall without…2025-07-17 17:25:45
- 80K Bitcoin offloaded as $120K turns into resistance: A fall ahead?2025-07-17 16:11:02
- 73% Dogecoin traders go long – Is the market too one-sided to sustain gains?2025-07-17 15:29:12